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that are looking at pennsylvania and what we can do with our cheap energy, our great workforce and our location of the country. we are within 60% of america and one very long day's drive. >> the energy story is so great. new york governor quomo still is on the fence regarding the fracking issue. it could revolutionize his state. how important to your economy and pennsylvania is the fracking shale revolution? it is extremely important and we put an impact fee on the shale. we picked up $204 million rather than put taxes whose impact fee into the community. it has allowed the industry itself to hire people. there are related companiy ies t hire people. and you know the phrase the necessity is the mother of invention. a lot of inventions are being developed but the energy itself allows businesses across the state to grow. a lot of companies in south eastern pennsylvania and philadelphia are going to be using it to power the refineries, it is looking and hopefully will build a facility that will take the ethonol and take ethanes they are paying around $80,000. the average workforce is $47,000. >> w
] what?! quattro!!!!! ♪ barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to the cud lku report. i'm larry kudlow, in this half hour, the inaugural address was filled with his blueprint and no discussion of the connism aecon. later on, will phil mickle son leave california? quickly, my take away from the address yesterday, attempting to break ronald reagan's three decade long policies. i think the president had no entitlement reform or growth proposals and this talk of collectivism, it means that government is becoming the great equalizer. mr. obama seems to want equality of result and i think he's all wrong. let's talk about this. let's bring in art laffer and andrew codd. >> art, he didn't even hardly mention the economy. but you are an economist, how did you read this speech and what does
clinch the deal? we can start building this thing as a big job creator and help get energy and fuel to those refineries? >> larry, i want to be very clear. president obama still has the final say. so once we make that recommendation, he could say yes. he could say no. and i really have no idea what he's going to do. >> all right. let me ask you about the health care, the obama care. first of all, are you -- is nebraska going to participate in the health care insurance exchange subsidy? are you going to be a player in that from your side? >> we are going to do the federal exchange, not the state exchange because it's too costly. secondly, i'm opposed to the medicaid expansion because we can't afford that. i am very, very concerned about this health care -- new health care law. it is already going to cost me millions in my current budget to implement it, effective 200014. >> why is it costing you millions? what's the source oaf that expense? >> the source of the expense is the current growth in the medicaid program. once it begins this 2014 they'll try to have a number of people sign
14 to close at 1,486. energy, industrials, and consumer cyclicals led the way, and did you know in this so-called stealth rally that no one talks much about the broad s&p 500 has gained 35% just since early october 2011. a little over a year ago. up 35%. so where's the love for stocks? why isn't the bull run getting any real respect? here's our friend ron kashevski, president and ceo of stifel nicolaus. good to see you. you know, it has been a good run. and it's funny, it doesn't seem to get respect, and you don't see it in the mutual fund flows and you don't sort of hear it in the chatter. why is that? >> well, first of all, larry, last week $22 billion flowed into equities. the largest inflow since 1992. so you're beginning to see it. but the reason you don't see it is simply we don't realize the bubble we're in. we're in a bond bubble. bonds are overvalued, equities are undervalues. and people don't expect this market because they don't realize that this market can rally and rally significantly with tepid economic growth. because we're not going to slide into a global deflati
Search Results 0 to 3 of about 4

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